ALU WINDOWS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALU WINDOWS
Largest movements
- Cash -€56,410
down €56,410 (-53.8%), from €104,900 to €48,490
mainly Other debts (-€78,801) and Contributions, distributions and other (-€29,094)
- Tangible fixed assets -€26,842
down €26,842 (-8.6%), from €310,628 to €283,786
- Other debts -€78,801
down €78,801 (-45.0%), from €175,151 to €96,350
- Profit (loss) carried forward +€16,681
up €16,681 (+57.3%), from €29,094 to €45,776
- Debts after one year -€12,994
down €12,994 (-9.0%), from €144,084 to €131,090
- Tax, wage and social debts -€10,028
down €10,028 (-72.8%), from €13,778 to €3,750
- Gross operating margin +€17,916
up €17,916 (+25.2%), from €71,213 to €89,129
- Taxes +€3,603
up €3,603 (+38.6%), from €9,341 to €12,944
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,670 | €348,897 | -€84,773 | -19.5% |
| Fixed assets | 21/28 | €310,628 | €283,786 | -€26,842 | -8.6% |
| Tangible fixed assets | 22/27 | €310,628 | €283,786 | -€26,842 | -8.6% |
| Land and buildings | 22 | €272,432 | €259,072 | -€13,360 | -4.9% |
| Plant, machinery and equipment | 23 | €25,659 | €18,672 | -€6,987 | -27.2% |
| Furniture and vehicles | 24 | €12,537 | €6,042 | -€6,495 | -51.8% |
| Current assets | 29/58 | €123,042 | €65,111 | -€57,931 | -47.1% |
| Amounts receivable within one year | 40/41 | €16,638 | €13,896 | -€2,741 | -16.5% |
| Trade receivables | 40 | €5,296 | €260 | -€5,035 | -95.1% |
| Other amounts receivable | 41 | €11,342 | €13,636 | +€2,294 | +20.2% |
| Cash at bank and in hand | 54/58 | €104,900 | €48,490 | -€56,410 | -53.8% |
| Deferred charges and accrued income | 490/1 | €1,504 | €2,724 | +€1,220 | +81.1% |
| Total equity and liabilities | 10/49 | €433,670 | €348,897 | -€84,773 | -19.5% |
| Equity | 10/15 | €87,787 | €104,468 | +€16,681 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,093 | €40,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,233 | €38,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,094 | €45,776 | +€16,681 | +57.3% |
| Amounts payable | 17/49 | €345,883 | €244,429 | -€101,454 | -29.3% |
| Amounts payable after more than one year | 17 | €144,084 | €131,090 | -€12,994 | -9.0% |
| Financial debts | 170/4 | €144,084 | €131,090 | -€12,994 | -9.0% |
| Amounts payable within one year | 42/48 | €201,799 | €113,339 | -€88,460 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €12,870 | €12,994 | +€125 | +1.0% |
| Trade debts | 44 | - | €245 | +€245 | |
| Suppliers | 440/4 | - | €245 | +€245 | |
| Taxes, remuneration and social security | 45 | €13,778 | €3,750 | -€10,028 | -72.8% |
| Taxes | 450/3 | €13,778 | €3,750 | -€10,028 | -72.8% |
| Other amounts payable | 47/48 | €175,151 | €96,350 | -€78,801 | -45.0% |
| Non-recurring operating income | 76A | - | €475 | +€475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,830 | €26,842 | +€12 | 0.0% |
| Other operating charges | 640/8 | €1,860 | €2,000 | +€140 | +7.5% |
| Non-recurring operating charges | 66A | €2,620 | - | -€2,620 | |
| Gross operating margin | 9900 | €71,213 | €89,129 | +€17,916 | +25.2% |
| Operating profit (loss) | 9901 | €39,904 | €60,287 | +€20,384 | +51.1% |
| Financial income | 75/76B | €287 | €130 | -€157 | -54.8% |
| Recurring financial income | 75 | €287 | €130 | -€157 | -54.8% |
| Financial charges | 65/66B | €1,755 | €1,697 | -€58 | -3.3% |
| Recurring financial charges | 65 | €1,755 | €1,697 | -€58 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €38,436 | €58,720 | +€20,284 | +52.8% |
| Income taxes | 67/77 | €9,341 | €12,944 | +€3,603 | +38.6% |
| Profit (loss) for the period | 9904 | €29,094 | €45,776 | +€16,681 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,094 | €45,776 | +€16,681 | +57.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.